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Retirement tax questions
Try this now. After entering the 1099R the follow-up questions are as follows regarding the RMD.
- When it asks for the RMD amount required on Dec 31,2024, indicate the full amount.
- Next question you will check the entire distribution applied to the December 31,2024 RMD.
I tested this in my Turbo Tax program and the distribution was only taxed once.
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March 21, 2025
5:00 PM